Market Update

The futures contracts for US stock indices recorded a slight increase today, Friday morning, before the opening of trading, after falling yesterday evening, as the markets’ fears about the new Omicron parameter subsided, at the same time that investors awaited the report of the US Consumer Price Index (CPI) for …

European shares fell on Friday on nervousness related to the increase in infections with the Covid-19 disease and ahead of the release of US inflation data later, which led to caution overshadowing sentiment. The pan-European Stoxx 600 index was down 0.4 percent, following a broader risk aversion in global stock …

Gold prices rose on Friday, but are heading for a fourth consecutive weekly decline, as investors stay away from big bets ahead of inflation data in the United States that may prompt the Federal Reserve to reduce its bond purchases at a faster pace. Spot gold rose 0.2 percent to …

The Turkish lira fell by about 0.8 percent against the dollar on Friday, as investors continued to fear low-interest rates and high inflation, which pushed the lira towards a record low it reached last week. After it plunged to 13.9095, the lira settled at 13.8750 against the US currency. The …

Japanese shares fell on Friday due to a decline in technology shares and caution ahead of US inflation data. Still, they posted their first weekly gains in three weeks as concerns eased about the impact of the new Omicron strain of the Coronavirus on the pace of economic recovery. The …

Traders are eying key economic data on Friday. Consumer inflation forecast to accelerate to 6.8% annually from 6.2% while Core CPI expected to rise to 4.9% from 4.6%. Producer prices, The monthly increases are predicted to be 0.7% in the headline rate and 0.5% in the core.Wages point to still …

“US and its allies would respond to Russia’s aggression,” said the White House early Friday. The news came after chatters that Russia rejected Ukraine’s proposal to strengthen the July 2020 ceasefire.The White House communiqué also mentioned that US President Joe Biden reaffirmed the United States’ unwavering commitment to Ukraine’s sovereignty …

The two major questions that the European Central Bank will have to answer are: (1) Will inflation eventually settle at its target? and (2) Are asset purchases still useful?ECB policymakers are hoping that too-high inflation will prove transitory and eventually subside. Since the pandemic struck, the European Central Bank has …

New Zealand’s manufacturing sector witnessed a lower level of expansion in November, according to an economic survey released early Friday.The BNZ-Business New Zealand Performance Manufacturing Index (PMI) for November dropped 3.6 points to 50.6, which was still in expansion, but at slower rate than was seen in the first half …

The US Senate voted on Thursday to advance a bill to create a fast-track process allowing Democrats to raise the federal debt limit without votes from Republicans, a crucial next step as lawmakers race the clock to avert a catastrophic debt default. A first-ever default would trigger financial disaster and …